Ataa Educational Co. — Capital/Financing Update 2022

Jan 4, 2022

Ataa Educational Co. Announces the renewal of the credit facilities agreement that is in line with the sharia regulations

4292 · 04/01/2022 15:43:11 · Announcement #66211 · View on Saudi Exchange

Ataa Educational Co. Announces the renewal of the credit facilities agreement that is in line with the sharia regulations

Element List	Explanation
Introduction	Ataa Educational Company announces renewal of the credit facilities agreement that is in line with the Sharia regulations with Saudi National Bank
Date of obtaining the funding	2022-01-04 Corresponding to 1443-06-01
Financing entity	Saudi National Bank
Financing amount.	SAR50 million
Financing duration.	Year
Guarantees offered for the financing	promissory note
Financing objective	Working capital financing when needed
Related Parties	There are no related parties in the agreement.
Additional Information	None

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